Yes, it’s everyone’s favorite season: tax season. You, like millions of other Americans, may be starting to feel the pressure. Have you downloaded all your 1099s from your various financial accounts? Have you received all your charity contribution receipts? Are you planning on doing your own taxes, or using a tax professional? These are all things you need to figure out, and time’s running out …
I, for one, actually enjoy doing my own taxes. I know, I know, you’re probably thinking that I’m a disturbed individual, but over the years I’ve tried everything from using a small tax agency, using various software, heck, I even tried H&R Block. I think what I like the most is the feeling of accomplishment by taking care of it myself.
What’s e-filing all about?
E-filing is a service offered by the IRS that allows you to quickly, securely, and accurately file your tax return online, without having to deal with paper copies and the postal service. There are many web-based and downloadable software products that make e-filing a breeze.
What if I like the old fashioned paper method?
Well, unfortunately I’ve got some bad news. Over the recent years it’s becoming harder and harder to avoid e-filing. In fact, many professional tax preparers are legally required by the IRS to submit their clients’ returns electronically. You may also want to consider the inefficiencies of hand-writing your tax return, requiring someone at the IRS to read through it and enter the data into a computer. Why not save everyone time (and tax payer money) by e-filing?
What software should I use?
Last year a friend told me about TaxWyse, which is online tax preparation software for “everyday folks”, and I’ve been hooked ever since. It helps me prepare my own taxes in an easy, step-by-step, process, and best of all it’s very affordable. And by “affordable” I mean it starts at a whopping … wait for it … $0. Zilch, nada, free.
Here’s how TaxWyse works
- Answer some easy interview questions. Don’t worry, there’s no confusing tax jargon, just plain ‘ol English.
- Upload your tax forms (like W-2s, 1099s, etc).
- TaxWyse will calculate whether or not you get a refund or owe the IRS.
- Your return is submitted electronically.
Ask the Expert
This is a really neat feature that I love. You can submit any tax-related question you may have, and an expert at TaxWyse will give you a fast answer, entirely free. How cool is that?
So, what are you waiting for? Get started on your return now.